Stockdale Capital Partners Purchases Three Banner Health Properties in Arizona

Banner Health, a nonprofit health system based in Phoenix, has recently sold properties that house outpatient clinics to Stockdale Capital Partners, a real estate investment firm based in Los Angeles. These properties include a 20,400-square-foot clinic in Mesa, Ariz., a 39,500-square-foot clinic in Queen Creek, Ariz., and a 20,400-square-foot clinic in Gilbert, Ariz.

Stockdale Capital Partners will lease back these properties to Banner Health, ensuring that the health system can continue to provide medical services at each of these sites. A spokesperson for Banner Health stated that monetizing real estate is an important financial strategy for the nonprofit health system, as it allows them to free up capital for other important projects.

This acquisition brings the total number of medical office buildings acquired by Stockdale Capital Partners to four since its inception. The firm revealed plans for a pipeline of additional properties across the U.S., with its dedicated Healthcare Fund continuing to pursue opportunities for attractive real estate investments as the demand for outpatient healthcare continues to rise. According to Andrew Saba, managing director of healthcare at Stockdale Capital Partners, this strategy allows the firm to take advantage of market trends and generate stable returns for its investors.

Banner Health operates 30 hospitals across six states and employs more than 50,000 people. With this recent sale of properties, Stockdale Capital Partners looks forward to contributing to the growth and development of Banner Health’s vital healthcare services while providing stable returns for its investors.

By Editor

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